Updated Oct 28, 2024
First Insite Realty Sells Chatham Multifamily Property In Chicago For $1M
8102 South Maryland Avenue, Chicago, IL 60619, USA
$1,000,000
$39/SF
Building Size
25,184 SF
Asset Type
MultiFamily
Closing
May 21, 2020
About this deal
AI
The multifamily property located at 8102 S. Maryland in Chatham, Chicago has been sold for a price of $1,000,000. The sale, facilitated by First Insite Realty, involved a total of 25 units. The price per unit (PPU) for this transaction is $40,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,000,000
- Address: 8102 S. Maryland, Chatham, Chicago
- Market: Chatham, Chicago
The sellers in this transaction were First Insite Realty, represented by their brokers Aaron Sklar & Noah Birk. They successfully closed the deal for the multifamily property, which comprises 25 units. With a sale price of $1,000,000 and a PPU of $40,000, this transaction represents a significant investment opportunity in the Chatham market.
Players
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93